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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #74,021
  • Sep 5, 2010 10:30am Sep 5, 2010 10:30am
Quoting mihazupan1
I'm looking at BEOB on AUD/CAD daily chart and a PB on EUR/CHF weekly chart.

I preferred the PB at first BUT a strong downtrend is what could be a problem here. The 1.3000 might be strong support to bounce the price back up but I'm in doubt here and for now I'm out of this one.

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The BEOB looks good at first glance but there's not much space till the FTA although it might drop down to the trendline. Will probably skip this one as well. I'm sure there'll be better opportunities around the trendline (especially the intersection...

I think your charts look good Miz

Eur/chf is too much of catching a falling knife for me, but if it breaks 1.33 should be in the books. Then you can even use the 1.3 to help manage your trade as well.

Aud/cad would have me worried as I always want my bars to close below/above that round number. In this case trading into .9500 would be too much for me. But one could see if it breaks that round number hard and then it should find resistance at it. But if it doesn't this would I would not be willing to hold .
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  • #74,022
  • Sep 5, 2010 10:35am Sep 5, 2010 10:35am
Quoting Trad3r
You will not see me here anymore.
Every once in a while, the door creaks open, the room gets quiet, heads turn and look from their screens and in walks a guy who has obviously stepped into the wrong room. It's not because of who he is, but because of his frame of mind. I hope that this chap eventually finds better days ahead.

K.I.S.S.
  • #74,023
  • Sep 5, 2010 10:40am Sep 5, 2010 10:40am
Quoting Trad3r
*Snip*

You know nothing about me, I could stay here and maybe give you some lessons, but, for what? Why teach people how to make money in forex if they are making money already selling smoke to other people?

*Snip*

Good luck in your business. You will not see me here anymore.
We haven't had one of these for a while - I suppose one was due...

Everything we need to learn is already in this 50k page 5 year old thread thank you very much.

It's not for the lazy, impatient or over emotional or egotistical
Anything can happen.
  • #74,024
  • Sep 5, 2010 11:22am Sep 5, 2010 11:22am
At least a million a month.....

Quoting Trad3r
OK, thank you for make me see what's really James16 group, you are unable to answer the question because all of this is a sect to make money selling smoke to other people. Before long all of you will be screwed too, trust me. I've seen dozens of "trading groups" like this, all of them end up equal.

You know nothing about me, I could stay here and maybe give you some lessons, but, for what? Why teach people how to make money in forex if they are making money already selling smoke to other people?

[u]If someone can make money in forex he doesn't...
  • #74,025
  • Sep 5, 2010 11:23am Sep 5, 2010 11:23am
Quoting Trad3r

You know nothing about me, I could stay here and maybe give you some lessons, but, for what? . You will not see me here anymore.
Hey trad3r,

Thanks for the lesson...believe me you already taught us the most important lesson(s). Your naivete -----"average pips"
  • #74,026
  • Sep 5, 2010 11:24am Sep 5, 2010 11:24am
Sorry I could 'nt help it...

trade well...
RS


Quoting Revstar
At least a million a month.....
  • #74,027
  • Sep 5, 2010 11:24am Sep 5, 2010 11:24am
Quoting KissFan
Every once in a while, the door creaks open, the room gets quiet, heads turn and look from their screens and in walks a guy who has obviously stepped into the wrong room. It's not because of who he is, but because of his frame of mind. I hope that this chap eventually finds better days ahead.

K.I.S.S.
well said brotha and were here with open arms to all those that give the same respect this thread shows

Back to trading, everyone enjoy the long weekend if you have it
  • #74,028
  • Sep 5, 2010 11:29am Sep 5, 2010 11:29am
Quoting mbqb11
well said brotha and were here with open arms to all those that give the same respect this thread shows

Back to trading, everyone enjoy the long weekend if you have it
Hmm...

My weekends are always to short...
  • #74,029
  • Sep 5, 2010 1:01pm Sep 5, 2010 1:01pm
Quoting ddinnov
Any seniors (Ghous?) have any comments on the 2 IBPs on NZD/JPY weekly?

Looks pretty bearish overall but could also be the beginning of a range?

I know the IBPs aren't at a swing high and last week's one is a failed PB (straight into traffic). Also momentum on MACD looks a bit thin..

A break below 60.00 down to ~57.00 would be nice with a stop above the high of the IBPs would be nice though

Or maybe watch and wait to see if it goes up and bounces off the upper TL? *EDIT* That would be too much traffic if it did that...
To me both of them are just pin bars caught up in nasty traffic. A bearish IPB has to be at a true swing high or deep into a pull back to a down trend, or when in a sideways market you want them tucked nicely somewhere in the middle or the top of the range which basically gives you more space to play around with.

For example I would give the Aud/Jpy weekly IPB a better grade than Nzd/Jpy. (Off the 77 ppz and not at a swing low)

g.
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I believe . . .
  • #74,030
  • Sep 5, 2010 2:24pm Sep 5, 2010 2:24pm
A lot of news coming out of Australia next week, I will be watching AU and NU closely. Most comments ( see FF ) are bullish, but we will see if this holds true.

Some sort of nice DBLHC/BUB and a close above 72.00 makes this nzdusd interesting. Will see how momentum handles first PPZ.
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Be like water.
  • #74,031
  • Sep 5, 2010 2:25pm Sep 5, 2010 2:25pm
Quoting Trad3r
OK, thank you for make me see what's really James16 group, you are unable to answer the question because all of this is a sect to make money selling smoke to other people. Before long all of you will be screwed too, trust me. I've seen dozens of "trading groups" like this, all of them end up equal.

You know nothing about me, I could stay here and maybe give you some lessons, but, for what? Why teach people how to make money in forex if they are making money already selling smoke to other people?

[u]If someone can make money in forex he doesn't...
If you wanna make loads a dosh try JACKO's thread - if he is still taking subscriptions.
every Saint has a past. Every Sinner has a Future
  • #74,032
  • Sep 5, 2010 2:38pm Sep 5, 2010 2:38pm
Quoting mbqb11
I think your charts look good Miz

Eur/chf is too much of catching a falling knife for me, but if it breaks 1.33 should be in the books. Then you can even use the 1.3 to help manage your trade as well.

Aud/cad would have me worried as I always want my bars to close below/above that round number. In this case trading into .9500 would be too much for me. But one could see if it breaks that round number hard and then it should find resistance at it. But if it doesn't this would I would not be willing to hold .
The distance between two round numbers seems to be very small here. I mean the BEOB I was talking about is just in between 2 round numbers. The only question here is which one will be more strong for the price not to break it. On this daily chart every decent sized bar would be around some round number.
  • #74,033
  • Sep 5, 2010 2:51pm Sep 5, 2010 2:51pm
Quoting Trad3r
OK, thank you for make me see what's really James16 group, you are unable to answer the question because all of this is a sect to make money selling smoke to other people. Before long all of you will be screwed too, trust me. I've seen dozens of "trading groups" like this, all of them end up equal.

You know nothing about me, I could stay here and maybe give you some lessons, but, for what? Why teach people how to make money in forex if they are making money already selling smoke to other people?

[u]If someone can make money in forex he doesn't...
People are so silly...
What is the point of trading FX, to make money.
So is it so crazy to think someone would want to make more money, and also help people at the same time? Seems like a no brainer...
Anyway, no one is forcing you to pay anything. I've not once been solicited to join the j16 private forum throughout my entire stay here (in fact I was told a few times to spend a few months here first!). Even if I had been, its up to the individual to make their own decisions. Sorry if you lack willpower, and just do as everyone tells you to.
  • #74,034
  • Sep 5, 2010 2:56pm Sep 5, 2010 2:56pm
Hi Guys,

Do we have a possible short setup on USDCAD? BEOB formed on weekly chart off the resistance area of 1.0670.
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  • #74,035
  • Sep 5, 2010 4:27pm Sep 5, 2010 4:27pm
hello wvweybody.
i'm a trader from italy.
What you think about this pin candle in the daily trend off a key resistance?
see the chart below:
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  • #74,036
  • Sep 5, 2010 5:03pm Sep 5, 2010 5:03pm
Quoting teknoesen
Hi Guys,

Do we have a possible short setup on USDCAD? BEOB formed on weekly chart off the resistance area of 1.0670.
Isnīt that a DBHLC?
  • #74,037
  • Sep 5, 2010 5:11pm Sep 5, 2010 5:11pm
Quoting john225
Isnīt that a DBHLC?
The highs are close. On my feed FxPro the high of last week is 4 pips higher than the previous week so it is a BEOB but it doesn't really matter if you see it as a BEOB or DBHLC.
  • #74,038
  • Sep 5, 2010 8:46pm Sep 5, 2010 8:46pm
Quoting Pinbar
No, that is not a DBHLC.

The previous bar high is nowhere near the high of that bar.
Are you confusing the open with the high, or maybe you are talking about a different bar on a different broker feed?

As you did not post a chart, we can only assume you are talking about the chart that was posted.
He is talking about the different chart, the one above.
  • #74,039
  • Sep 5, 2010 8:59pm Sep 5, 2010 8:59pm
Quoting arduino
hello wvweybody.
i'm a trader from italy.
What you think about this pin candle in the daily trend off a key resistance?
see the chart below:
Welcome to the thread. IMO its not the best setup. The close of the pin was much higher than the open. The closer the better, in this case a bear bar would have been better. Also, better if at a swing high. Not to say it won't work, just a pass for me.
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  • #74,040
  • Sep 5, 2010 9:09pm Sep 5, 2010 9:09pm
Quoting The Lord
He is talking about the different chart, the one above.

Oh, right....I get it now.

Done away with the post as it serves no purpose.


Thanks Lord.



No many people around today with this bank holiday.

A good day for tweaking charts and studying.
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